393 Cherry St Holyoke — Photo 1 of 28
$325,000
Investment Analysis — 393 Cherry St
Holyoke, MA 01040
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01040 carries an estimated $2,110/mo in gross rent — about a 4.75% cap rate and $15,452/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,056
Style
Single Family
Built
1965
The one you’ve been waiting for! Welcome home to 393 Cherry Street. Nestled on a quiet corner lot in a convenient location with easy access to local amenities and major highways, this charming ranch offers comfortable, easy living with plenty of character. The galley kitchen is thoughtfully equipped with granite countertops and stainless steel appliances, with a cozy eat-in area overlooking the deck and fully fenced-in backyard. Step outside and enjoy your own private outdoor retreat - perfect for morning coffee, summer gatherings, or simply unwinding at the end of the day. Inside, you’ll find three comfortable bedrooms, a full bath, and inviting living spaces that make this home feel warm and welcoming. The partially finished basement provides additional flexible space for a home office, playroom, hobby area, or whatever suits your needs. With its manageable footprint, cozy spaces, desirable outdoor area, and convenient location, this sweet ranch is ready to welcome you home. Come see all that 393 Cherry Street has to offer!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 528 sq ft (the lesser of 900 sq ft or half the 1,056 sq ft principal dwelling). Lot size: 10,184 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator
Geography
Listing Agent: Jill Lutenegger
Listing Office: Naples Realty Group
MLS® Number: 73577125